HomeMy WebLinkAboutTC Res 2016-06-15 (2)RESOLUTION NO. 16-2016
A RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF TIBURON ESTABLISHING
AN APPROPRIATION LIMIT FOR FISCAL YEAR 2016-17
PURSUANT TO ARTICLE XIII B. OF THE CONSTITUTION
OF THE STATE OF CALIFORNIA
WHEREAS, Article XIII B. of the Constitution of the State of California requires
governmental jurisdictions to establish appropriations limits each year, and
WHEREAS, the previously established limit for Fiscal Year 2015-16 was
$8,378,898, and the State Department of Finance has determined that the 2016-17 Per
Capita Personal Income Factor is 5.37%, and the Population Change Factor is 0.20%; the
Director of Administrative Services estimates that legislated pass-through fees of the
County will be $55,000; the Director of Administrative Services of the Town of Tiburon
has determined that the appropriations limit in the amount of $8,901,503 shall be
established for Fiscal Year 2016-17.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of
Tiburon that an appropriations limit in the amount of $8,901,503 is established for Fiscal
Year 2016-17 pursuant to Article XIII B of the Constitution of the State of California.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Tiburon on June 15, 2016 by the following vote:
AYES: COUNCILMEMBERS: Doyle, Fraser, Fredericks, O'Donnell, Tollini
NOES: COUNCILMEMBERS: None
ATTEST:
DIANE CRANE IACOPI,`TOWN CLERK
Lei
ERIN TOLLINI, MAYOR